Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The rates of most of the coins keep falling, according to the CoinMarketCap ranking.
BTC/USD
The price of Bitcoin (BTC) has dropped by 1.12% over the last 24 hours.
Despite the decline, the rate of Bitcoin (BTC) has successfully bounced off the local support level at $15,651. Moreover, the price has fixed above the resistance at $15,932.
If bulls can hold the gained initiative until the end of the day, the rise may continue to the $16,300 mark tomorrow.
On the daily chart, Bitcoin (BTC) has once again bounced back to the support at $15,632. Currently, one needs to pay close attention to the $16,000 mark. If the bar closes above it with no long wicks, there is a chance to see the local growth of the main cryptocurrency.
A similar situation appears on the longer time frame. If a false breakout of the support level at $15,632 happens, there is a possibility to see Bitcoin (BTC) bullish next week.
Bitcoin is trading at $16,002 at press time.
Alex Dovbnya
Valeria Blokhina
Vladislav Sopov
